(29 Oct 2024)
RESTRICTIONS SUMMARY:
ASSOCIATED PRESS
Hong Kong – 29 October 2024
1. Wide of Hong Kong Chief Executive John Lee entering press briefing
2. Close of a reporter
3. Mid of Lee and reporters
4. SOUNDBITE (Cantonese) John Lee, Hong Kong Chief Executive:
“The U.S. government just announced the restrictions on U.S. Individual and company investments in China, including Hong Kong on computer chips, quantum computing and artificial intelligence. It once again reflects that some U.S. politicians only care about their own political interests, they are undermining normal investment and trade, free market and economic order. This would only cause harm to the global supply chain and would only undermine the interest of U.S. and its trade and businesses.”
5. Wide of press
6. Mid of a reporter asking questions
7. SOUNDBITE (Cantonese) John Lee, Hong Kong Chief Executive:
“Over the past ten years, the U.S. has enjoyed a trade surplus of $472 billion with Hong Kong. In pursuing their political agenda, some U.S. politicians are harming not only others but also the interests of their own country, their people and their businesses. They will have to face the consequences of their actions. The Hong Kong government would safeguard the interests of Hong Kong and our businesses. We will work together with our country and protect the interests of China.”
8. Wide of Lee leaving
STORYLINE:
Hong Kong’s Chief Executive John Lee responded Tuesday to a rule issued by the U.S. Treasury Department, which restricts and monitors American investments in China in artificial intelligence, computer chips and quantum computing.
It seeks to keep the Chinese military from gaining an edge in advanced technologies.
Lee said that the restrictions show that some U.S. politicians are undermining investment and trade for their political interests.
The finalized rule arises from an executive order issued in August 2023 by President Joe Biden.
The order sought to limit the access that “countries of concern″ — specifically, China, Hong Kong and Macau — have to American dollars to fund technologies that could be used, for example, to break codes or develop next-generation fighter jets. It will take effect January 2.
Lee also said that the U.S. has enjoyed a trade surplus of $472 billion with Hong Kong in the past 10 years.
" It once again reflects that some U.S. politicians only care about their own political interests," he said.
He added the city government would safeguard the interests of Hong Kong businesses.
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